ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2020

ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2020

ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2020

Issued Date: 25/03/2021

Financial Highlights of 2020 Annual Results:

• For the financial year ended 31 December 2020, the Group’s revenue and profit attributable to equity shareholders of the Company amounted to approximately RMB51.7 million (2019: approximately RMB71.3 million) and approximately RMB34.0 million (2019: approximately RMB37.3 million), respectively.

• For the financial year ended 31 December 2020, basic earnings per share of the Group was approximately RMB0.08(2019: RMB0.08).

• Final dividend of RMB1.92 cents (equivalent to HK2.29 cents) per ordinary share (2019: RMB2.03 cents) for the year ended 31 December 2020.

 

Looking forward, as China’s economy continues to recover and the stimulus measures introduced during the year continues to be effective, the momentum of economic growth is expected to carry on. The Group will keep up with its large-scale expansion efforts, focus on effective scale growth, actively explore new revenue growth points for diversified operations, deepen the use of high-tech means to optimize management and services, and compete on the golden track of property management. Meanwhile, the Group has entered into the new framework agreement with China Everbright Group Limited and the long-term cooperation between both parties will promote the continuous growth of the leasing business. Benefiting from the recognition of the “Everbright” brand, the Group will strengthen its bargaining power and win the trust of the counterparty, which will help improve the inherent ability to expand business and achieve sustainable growth. The Group has sufficient resources in terms of capital and capability to capture opportunities of the Company and overcome challenges, and is committed to protecting the long-term interests of the shareholders of the Company (the “Shareholders”) as a whole.

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